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Reddit Shares Soar On First Post-IPO Q1 Results, Strong Q2 Guidance
Reddit, Inc. (NYSE:RDDT) reported its first-quarter financial results after the bell Tuesday. Here's a look at the highlights.
The Details: Reddit reported quarterly losses of $8.19 per share which missed the analyst consensus estimate of losses $6.97 by 17.5%.
Quarterly sales clocked in at $242.963 million, beating the analyst consensus estimate of $212.83 million by 14.16%.
The company reported record user traffic, with Daily Active Uniques (DAUq) increasing 37% to 82.7 million ...